Correlation Analysis Between Russia TR and Bursa Malaysia

This module allows you to analyze existing cross correlation between Russia TR and Bursa Malaysia. You can compare the effects of market volatilities on Russia TR and Bursa Malaysia and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Russia TR with a short position of Bursa Malaysia. See also your portfolio center. Please also check ongoing floating volatility patterns of Russia TR and Bursa Malaysia.
Horizon     30 Days    Login   to change
Symbolsvs

Russia TR  vs.  Bursa Malaysia

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Russia TR is expected to generate 2.28 times more return on investment than Bursa Malaysia. However, Russia TR is 2.28 times more volatile than Bursa Malaysia. It trades about 0.05 of its potential returns per unit of risk. Bursa Malaysia is currently generating about -0.07 per unit of risk. If you would invest  119,144  in Russia TR on November 10, 2018 and sell it today you would earn a total of  2,925  from holding Russia TR or generate 2.46% return on investment over 30 days.

Pair Corralation between Russia TR and Bursa Malaysia

0.16
Time Period2 Months [change]
DirectionPositive 
StrengthInsignificant
Accuracy90.91%
ValuesDaily Returns

Diversification

Russia TR diversification synergy

Average diversification

Overlapping area represents the amount of risk that can be diversified away by holding Russia TR and Bursa Malaysia in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bursa Malaysia and Russia TR is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Russia TR are associated (or correlated) with Bursa Malaysia. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bursa Malaysia has no effect on the direction of Russia TR i.e. Russia TR and Bursa Malaysia go up and down completely randomly.
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Comparative Volatility

 Predicted Return Density 
      Returns 

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ExchangeNASDAQ
$1038.25

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